Seaborne iron ore prices were mostly stable on Tuesday November 24, due to limited physical trading - although futures gained because of a drop in cargo movements, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.42 per tonne, up $0.18 per tonne62% Fe low-alumina fines, cfr Qingdao: $127.67 per tonne, up $0.18 per tonne58% Fe fines high-grade premium...Read More
The Turkish deep-sea scrap import market went quiet on the second working day of the week, with mills instead focusing on finished long steel and billet sales, sources told Fastmarkets on Tuesday November 24.After a steel mill in the Marmara region booked a European cargo at an average price of $332.50 per tonne cfr for a mixture of HMS 1&2 (75:25), shredded and bonus on Monday, mills we...Read More
Seaborne iron ore prices were mostly stable on Tuesday November 24, due to limited physical trading - although futures gained because of a drop in cargo movements, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.42 per tonne, up $0.18 per tonne62% Fe low-alumina fines, cfr Qingdao: $127.67 per tonne, up $0.18 per tonne58% Fe fines high-grade premium...Read More
Bans on the export of ferrous scrap by various key suppliers of material to India and Pakistan have restricted import flows at the same time that demand has been returning to these markets, pushing prices higher, Fastmarkets has learnt.Demand for imports of steel scrap fell sharply when India went into its strict lockdown during March in response to the Covid-19 pandemic. Trading effectively...Read More
The export price for steel slab from the Commonwealth of Independent States (CIS) went up during the week to Monday November 23, mainly on a huge upswing in prices for hot-rolled coil, Fastmarkets heard.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $485-495 per tonne on November 23, up by $25 per tonne from $460-470 per tonne fob a week earlier.Slabs offers w...Read More
An overview of the chrome ore and alloy markets and their latest price moves.China Prices for UG2 chrome ore fell more slowly, amid limited trading activity. The spot ferro-chrome price remained steady with sentiment buoyed by power restrictions in Inner Mongolia, the major production region for high-carbon ferro-chrome. Falling stainless steel prices also weighed...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More
European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of the European flat steel market, sources told Fastmarkets.And in November 2020, rumors about two major potential sales of European mills have finally been confirmed: Tata Steel in Netherlands is in...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More
Hot-rolled coil prices in the United States have risen to their highest in almost exactly two years after more buyers perceived that a true steel shortage is intensifying for the end of 2020 and the beginning of the first quarter of 2021. Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $39.08 per hundredweight ($781.60 per short ton) on Tuesday November 24, up 0.7% fro...Read More
Aluminium premiums in China and the United States rose in the week ended Tuesday November 24, while other regions maintained a focus on first-quarter 2021 business.Strong demand in ChinaUS Midwest premiums climbEuropean participants focus on first quarter 2021MJP spot market static.Shanghai premiums up with arb window openAn open import arbitrage window, as well as strong demand in China, helped t...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 24.Please click...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More
Trader Tiberius Group has appointed Bob Katsiouleris to its executive management board as part of the company's drive to expand its global footprint, the company told Fastmarkets on Tuesday November 24.Katsiouleris will join Tiberius with immediate effect, and will help to drive its position as a global market participant in the trading of aluminium, lead and zinc, it added.He will also help to bu...Read More
European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of the European flat steel market, sources told Fastmarkets.And in November 2020, rumors about two major potential sales of European mills have finally been confirmed: Tata Steel in Netherlands is in...Read More
Bans on the export of ferrous scrap by various key suppliers of material to India and Pakistan have restricted import flows at the same time that demand has been returning to these markets, pushing prices higher, Fastmarkets has learnt.Demand for imports of steel scrap fell sharply when India went into its strict lockdown during March in response to the Covid-19 pandemic. Trading effectively...Read More
Aluminium premiums in China and the United States rose in the week ended Tuesday November 24, while other regions maintained a focus on first-quarter 2021 business.Strong demand in ChinaUS Midwest premiums climbEuropean participants focus on first quarter 2021MJP spot market static.Shanghai premiums up with arb window openAn open import arbitrage window, as well as strong demand in China, helped t...Read More
London Mtal Exchange three-month base metals prices rebounded on Tuesday November 24, with copper and nickel leading the way, after a correcting session had resulted in across-the-board declines on Monday.Copper and nickel led the way with day-on-day increases of more than 1.5% on their three-month prices. Prices were also supported by a lower US dollar index, which fell to 92.30 at around 5pm on...Read More
Fastmarkets is issuing a consultation on its proposal to discontinue pricing the physical copper cathode premiums on a seaborne basis to Japan.Japan is a major producer of grade A registered refined copper cathodes and exports more than half-a-million tonnes per year of refined copper, importing only negligible amounts.The price to be discontinued is:MB-CU-0385-copper grade A cathode premium, cif...Read More
London Mtal Exchange three-month base metals prices rebounded on Tuesday November 24, with copper and nickel leading the way, after a correcting session had resulted in across-the-board declines on Monday.Copper and nickel led the way with day-on-day increases of more than 1.5% on their three-month prices. Prices were also supported by a lower US dollar index, which fell to 92.30 at around 5pm on...Read More